Offers instant brand recognition (e.g., Jim's Mowing ) and training but requires ongoing royalties.
Include a non-compete clause to prevent the seller from starting a new round in the same area for several years.
Claim your Google Business Profile and update any existing website with current contact details and service packages.
Provides complete control and no ongoing fees, but requires you to build your own marketing and operational systems. 4. Due Diligence Checklist Before finalizing, verify these critical areas:
Confirm the seller actually owns the equipment and there are no outstanding debts (PPSR check). 5. Essential Post-Purchase Steps
The "round" is often the most valuable part of the deal. Look for:
Businesses are typically valued as a multiple of earnings (2–3x annual cash flow) or a percentage of the annual contract value (often 50–80%).
Register your business structure and GST/tax status with the ATO.
